EQT and CPP Investments Acquire NEOGOV in Major Public Sector Software Deal
In another big-ticket exit for private equity in the govtech space, NEOGOV—a cloud-native HR and compliance platform built specifically for U.S. public sector agencies—is being acquired by the EQT X fund and the Canada Pension Plan Investment Board (CPP Investments). The deal marks a significant transition from current backers Warburg Pincus and Carlyle, who helped scale NEOGOV over nearly a decade of ownership.
